Virtual Gaming Enterprises, Inc. Announces Strategic Alliance with EBB/USA
PR Newswire - July 01, 1999 13:37
ESCONDIDO, Calif., July 1 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAMD) today announced the formation of a strategic global business alliance with European Barter Business (EBB) domestic affiliate EBB/USA.
EBB represents the world's most experienced, high-tech, electronic trade network, providing access to Billions of dollars of goods and services and has current annual revenues exceeding $200 Million.
Virgil Williams, CEO of Virtual Gaming Enterprises, stated that, "under the terms of our agreement EBB/USA has acquired a 25% interest in Virtual Gaming and will play an active role in our continued expansion within the international gaming market, projected to exceed $300 Billion by 2004. The board of directors has committed $750,000 for advertising and promotion of our on-line casino to the global market through EBB's extensive international network."
Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a virtual casino at www.classicbet.com.
Except for historical matters contained herein, the affairs discussed in this press release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Virtual Gaming Enterprises, Inc. future business and prospects and could cause actual results to differ materially from these forward-looking statements.
SOURCE Virtual Gaming Enterprises, Inc.
/CONTACT: Communications Group, 888-285-6808, for Virtual Gaming
Enterprises, Inc./
/Web site: classicbet.com
(VGAMD) |
